iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) Stock Short Interest Falls 51.8%

iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 1,561 shares, a drop of 51.8% from the September 30th total of 3,240 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 12,648 shares, the days-to-cover ratio is presently 0.1 days.

iShares Global Consumer Discretionary ETF Stock Performance

Shares of NYSEARCA:RXI traded down $0.44 during midday trading on Friday, reaching $191.28. The company had a trading volume of 12,621 shares, compared to its average volume of 16,876. iShares Global Consumer Discretionary ETF has a 1-year low of $180.68 and a 1-year high of $213.77. The company has a fifty day simple moving average of $191.30 and a two-hundred day simple moving average of $196.54. The firm has a market cap of $239.10 million, a price-to-earnings ratio of 19.64 and a beta of 1.07.

Hedge Funds Weigh In On iShares Global Consumer Discretionary ETF

An institutional investor recently raised its position in iShares Global Consumer Discretionary ETF stock. Bessemer Group Inc. lifted its stake in iShares Global Consumer Discretionary ETF (NYSEARCA:RXI) by 110.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,525 shares of the company’s stock after acquiring an additional 3,942 shares during the quarter. Bessemer Group Inc. owned approximately 0.56% of iShares Global Consumer Discretionary ETF worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission.

iShares Global Consumer Discretionary ETF Company Profile

iShares Global Consumer Discretionary ETF (the Fund), formerly iShares S&P Global Consumer Discretionary Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global 1200 Consumer Discretionary Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the consumer discretionary sector of the economy and that S&P believes are important to global markets.